Flex Funds Advance

Our Flex Funds Advance is a fast and accessible way to fund whatever your business needs. Great for seasonal businesses and ideal for planned projects or investments, they range from $5,000 to $300,000. Your funds will be deposited in your business bank account and ready for use in as little as 24 hours. And unlike a traditional term loan, your repayment size will vary based on a percent of your daily card sales and your cost of lending is fixed up front and will not go up, no matter how long it takes you to repay your advance.

To qualify for business financing with Journey Capital:

1) Your business must be based in Canada.
2) You must have a business bank account with a Canadian financial institution.
3) You must have business history of at least 6 months, with you as the business owner.
4) You must make a minimum of $100,000 in annual sales.

Our Flex Funds Advance offers variable amount micro-repayments. Repayments are tied to a small, agreed upon percentage of your daily card sales. You repay faster when your sales are strong and benefit from smaller payments when sales are slow. If you have no card sales on a given day, you repay nothing.

Dual Financing allows you to combine a Business Line of Credit with either a Business Term Loan or a Flex Funds Advance. Part of your approved amount is funded on a Business Line of Credit and the remainder is funded on either a Business Term Loan or a Flex Funds Advance. You benefit from all the features of a Business Line of Credit plus all the features of that secondary credit product. Regardless of the preferred product you selected at the time of your application, you may be eligible for Dual Financing. Inquire with your Lending Advisor.

To check your balance owing:


1) Log into your MyPortal.
2) From the menu on the left, select My Funds.
3) the Payout Amount indicates the amount left to be paid on a given funding.

To check your repayment progress on your Flex Funds Advance:


1) Log into your MyPortal.
2) From the menu on the left, select My Funds.

3) Select the active funding you want to view.
5) Your progress will be clearly demonstrated with a progress bar.

With a Flex Funds Advance, you receive the full amount of financing up front and repay with variable installments tied to a percentage of your daily card sales until your advance is paid off. With a Business Line of Credit, you are given a limit and have control as to when and how much you draw from it. A Flex Funds Advance is better suited for investments such as purchasing equipment or financing an expansion, while our Business Line of Credit is better suited for ongoing or unexpected expenses such as general cash flow or purchasing inventory. Learn more about our Business Line of Credit.

A Flex Funds Advance is not a loan, it’s an advance against your future card sales. There is no interest charged because your cost of lending is fixed up front. Repayment is based on a small percent of your daily card sales and so the amount will vary as your sales do. With a Business Term Loan, your payment amount is fixed and equally spread out over the term of your loan, repaid either daily or weekly. Both are well suited for investments such as purchasing equipment or financing an expansion, but the variability of the Flex Funds Advance may be better suited for seasonal businesses or businesses with clearly defined sales cycles. Learn more about our Business Term Loan.